Long-time provider of real-time regulatory solutions attracts on many years of experience & industry expertise to consider in from the prospective negative effects for the CFPB’s proposed guidelines on payday & other loan that is high-cost.
Veritec Options may be the industry frontrunner in real-time solutions that are regulatory.
Licensed lending that is small-dollar in states where Veritec manages real-time regulatory enforcement programs is 100% compliant with state legislation protecting the customer from unjust, misleading, and abusive techniques.
Jacksonville, Fla.
Veritec possibilities LLC, the industry frontrunner in real-time regulatory solutions, submitted reviews on October 6th as a result into the Notice of Proposed Rulemaking on Payday, car Title, and Certain High-Cost Installment Loans released by the buyer Financial Protection Bureau (CFPB or Bureau).
The proposed guideline, released on June 1, 2016, solicited input through the public during a specified public comment period that extended through October 7, 2016.